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Compare Forex Brokers CKfx And FXCM


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Subjective Ratings

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CKfx

FXCM

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Four star Execution Rating Five star Execution Rating
Transaction costs (spreads): Three star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Five star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Three and Half star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Three star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Three and Half star Average Rating Four and Half star Average Rating

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Business Details

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CKfx

FXCM

 
Registered Business Name: CKFX Forex Capital Markets LLC
Broker Headquarters: Cyprus New York City, USA
Also has offices in: None London, Hong Kong and Tokyo
Regulated By: Unregulated - awaiting FSA approval through Forex Yard USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
In business since year:   1999
Broker Capital as of 01-1970   $131,416,979
Client Account Segregation: HSBC (London) Available to all clients of FXCM UK which welcomes US-based clients.
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0 (Standard) or $10
MasterCard/Maestro $0 $0 (Standard) or $10
Visa $0 $0 (Standard) or $10
Wire Transfer $0 $0 (Standard) or $25
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
Main liquidity providers: Unknown 10 top-tier banks - names not disclosed

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Trading Details

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CKfx

FXCM

 
Browser platform: ForexYard Trading Station (Java - MAC compatible) Java Trading Station (for Mac users) or FXCM ActiveTrader
Downloadable platform: Forex Yard Trading Station FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4)
Mobile platform: ForexYard Trading Station (Java - MAC compatible) Java Trading Station (for Mac users) or FXCM ActiveTrader
Phone dealing: Yes Yes
Order processing: Market Maker Straight-through to multiple liquidity providers
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 200:1* $1,000/unlimited 10,000/5,000,000
SuperMini Account 200:1* $100/$999 ($1,000+ automatic u $1,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
Swap-free accounts   No swap-free accounts available    
Tradeable Instruments: 30    32   
No Dealing Desk Execution: No All orders
Typical spread on EUR/USD: 3 pips (0.0003) 2.3 pips (0.00023)
Fixed spreads: Yes No
Guaranteed stop losses? Yes (some restrictions apply) All orders are executed at best available price.
Trailing Stops: Client-side Server-side
OCO orders available: Yes Yes
If/then orders available: No  
Hedging capability: No No
Automated Trading: No Yes, on MT4
Trading Hours: Sunday 21:00GMT to Friday 20:00GMT Sunday 5:00PM ET to Friday 4:00PM ET
Timezone   User-defined (GMT is the defau
Scalping allowed: No Yes, FXCM does not impose any restrictions on your trading style.
Account currencies available: USD AUD, CAD, EUR, GBP, JPY, NZD, USD
Platform languages: Arabic, Chinese, English, Finnish, French, German, Hebrew English
Support languages: Arabic, English, Finnish, French, German, Spanish, Swedish Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu
Demo account: 30 days 30 days
Live chat support: Yes Normally 24/7 but may be down for weekly maintenance outside of trading hours.
Interest on Margin: No No
Promotions & tournaments: Open a demo account and keep your profits when you change over to a real account (up to EUR300). Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course.

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